Blockchain Analytics Firm Chainalysis Cuts 15% of Staff
[Oct 3, 2023 1:30 AM] This is the second round of layoffs by the analytics firm in less than 12 months.
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Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
[Oct 2, 2023 4:28 PM] Bitcoin slumped below $28,000, and ether dipped below $1670.
Free Talk Live Co-Host Ian Freeman Sentenced to 8 Years for Running Unlicensed Bitcoin Business
[Oct 2, 2023 3:30 PM] Following his conviction for unlicensed money transmission, money laundering, and tax evasion at the close of December 2022, Keene dweller, libertarian activist, and Free Talk Live co-anchor, Ian Freeman has been sentenced to eight years behind…
Ether Futures ETFs See Low Volume in First-Day Trading
[Oct 2, 2023 3:10 PM] Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
Sam Bankman-Fried's Defense Asks for Clarity on Charity, Bankruptcy Arguments
[Oct 2, 2023 3:05 PM] Attorneys for FTX founder Sam Bankman-Fried asked the judge overseeing the case to clarify his orders around certain proposed arguments, including arguments about FTX's regulated jurisdictions, bankruptcy recoveries and his charitable work.
‘Big Short’ Author Reveals Sam Bankman-Fried’s ‘Gamified’ Saga in Latest Tell-All
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
[Oct 2, 2023 12:40 PM] Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take…
Grayscale Moves to Convert Ethereum Trust to Spot ETF Amid Surge in ETH Futures ETF Launches
[Oct 2, 2023 11:30 AM] Grayscale Investments, the largest digital asset fund manager by assets under management (AUM), has filed to convert its Ethereum Trust into a spot ether exchange-traded fund (ETF). The news follows ether futures ETFs from Vaneck, Bitwise, and…
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
[Oct 2, 2023 9:57 AM] East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
[Oct 2, 2023 9:20 AM] With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
Elon Musk Calls Fiat Currency A Scam
[Oct 2, 2023 9:08 AM] In a characteristically bold and provocative post, Tesla and SpaceX CEO Elon Musk has once again stirred the financial world by declaring, "Fiat currency" a scam. Musk, responding to a post asking other X users what they think is a scam so…
Protocol Village: Babylon Unveils Bitcoin Staking Protocol for Cosmos Ecosystem
[Oct 2, 2023 8:42 AM] The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 2-8, with live updates throughout.
FTX Heist: Hacker Shifts $51M in Ethereum as Former CEO Preps for Trial
[Oct 2, 2023 8:00 AM] After the FTX hacker transferred 5,000 ethereum (ETH) valued at $8 million in purloined assets, the cybercriminal shifted an additional 25,000 ether, totaling $43.15 million. Yet, even after relocating tens of millions of dollars in ethereum, the…
Chainlink Unveils ‘Data Streams’ to Reduce Latency, Expands Decentralized Computing
[Oct 2, 2023 8:00 AM] The company launched Chainlink Data Streams and announced new decentralized computing capabilities.
Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
[Oct 2, 2023 7:20 AM] Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.
First Mover Americas: Bitcoin Hits Highest Price in a Month
[Oct 2, 2023 6:54 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF
[Oct 2, 2023 6:30 AM] Its the largest ether trust in the world with $5B in AUM.
Latam Insights: Brazil Launches Nationwide Blockchain ID Program, Venezuelan Crypto Watchdog Extends Restructuring Period
[Oct 2, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil launches a blockchain-based ID card, the Venezuelan cryptocurrency watchdog Sunacrip extends its…
Crypto Investment Firm Deus X Capital Launches With $1B in Assets
[Oct 2, 2023 3:32 AM] Deus X Capital, a family office backed investment firm, launched today with Tim Grant as CEO, the company said in a statement.
Sam Bankman-Fried Saw Missing FTX Billions as ‘Rounding Error,’ Biographer Says
[Oct 2, 2023 2:49 AM] Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.
FTX's Former Auditor Prager Metis Sued by SEC
[Oct 2, 2023 2:36 AM] The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.
Bitcoin Surges Over $28K, but Analyst Questions ETF Optimism Angle
[Oct 2, 2023 2:17 AM] Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.
Coinbase Obtains Payment License in Singapore
[Oct 2, 2023 2:07 AM] Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.
FTX 'Hacker' Moved 15K ETH This Weekend
[Oct 2, 2023 1:47 AM] More than 15,000 ether (ETH) worth close to $26 million left a wallet associated with last year's attack on FTX this weekend.
Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development
[Oct 1, 2023 4:30 PM] On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be…
FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge
[Oct 1, 2023 10:38 AM] Sam Bankman-Fried cannot blame FTX's lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called "advice-of-counsel" defense later, the federal judge overseeing his case ruled Sunday.
Bitcoin Ordinal Inscriptions Cool Down After Historic Peak
[Oct 1, 2023 8:30 AM] Bitcoin Ordinal inscriptions have tapered off markedly since September 24, 2023, following a historic peak on September 15. This deceleration emerges as inscriptions nestled within the Bitcoin blockchain verge on the notable 35 million milestone. A…
Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions
[Oct 1, 2023 12:00 AM] Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover…
‘I Won’t Tell if You Don’t’ — SEC Unearths Alleged Scheme by Do Kwon to Fabricate Terra Transactions
[Sep 30, 2023 4:00 PM] In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss…
FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says
[Sep 30, 2023 3:39 PM] The U.S. Department of Justice said it intends to call FTX customers, investors and cooperating witnesses to testify against Sam Bankman-Fried at trial next week, including a Ukrainian local who would have difficulty getting to the courthouse…